SYNTHESIS [email protected], 22-MAY-2020

May . 22 . 2020 page 7/16 Communication Unit | tel: +351 21 842 61 00 | [email protected] www.ine.pt SYNTH SIS IN @ COVID-19 Interest rate decreased to 0.947% while owed capital and monthly loan repayments stood at EUR 53,886 and EUR 237 respectively. 0,947% 0,850% 0,900% 0,950% 1,000% 1,050% 1,100% Ap -1 r 7 Jul 17 - -1 Oct 7 Jan-18 A r- p 18 Jul- 81 ct 18 O - Ja - 9 n 1 r Ap -19 Jul 19 - ct 9 O -1 n 2 Ja - 0 Apr-20 Interest rates implied in housing loans In April, the average value of owed capital for all contracts increased by EUR 46 in comparison to the previous month, to EUR 53,886. The average value of loan repayments fell by EUR 12, to EUR 237; this is the largest month-on-month reduction observed since June 2009. The implicit interest rate in all housing loan agreements was 0.947% in April (0.998% in March). Interest rates for the contracts that were closed in the last three months decreased from 1.118% in March to 0.891% in April. 53 886 € 50 000 € 50 500 € 51 000 € 51 500 € 52 000 € 52 500 € 53 000 € 53 500 € 54 000 € 54 500 € Ap -1 r 7 Jul 17 - -1 Oct 7 1 Jan- 8 A r- p 18 Jul- 81 ct 18 O - Ja - 9 n 1 Apr-19 Jul 19 - Oct-19 n 2 Ja - 0 Apr-20 Average value of owed capital The reductions in interest rates and in the average value of monthly loan repayments observed in April may be associated with the changes arising from the moratorium regime, which suspends for six months the payment, in full or in part, of the monthly loan repayments of families with housing loans. The implicit interest rate in housing loans, for total housing purchase contracts, fell to 0.964%. For the contracts that were closed in the last 3 months, the implicit interest rate was fixed at 0.882%. More information available at: Implicit interest rates in housing loans – April 2020 (20 May 2020)